Slowdown Yes, Technical recession Yes but no collapse in sight

Singapore could be heading for a recession after it reported a big drop in economic activity in the second quarter!

Because of the US-China trade war, Singapore has slashed its forecast for 2019 GDP growth to between 0% – 1%. This is the weakest since 2009!

Leading Asia Economist Sian Fenner of Oxford Economist even forecast Singapore might head towards a technical recession as early as Q3!

With almost all countries in the last few months busy slashing interest rates to save their economies, a worldwide recession seems a great possibility.

Despite Lee Hsien Loong’s and Heng Swee Keat’s claims of grandiose visions, it is clear that the new Singapore economy looks very much like the old one of the last twenty years. There has been no productivity transformation. The only thing that has changed is that the external environment, which provided a huge tail-wind and allowed the PAP to falsely claim credit for a bogus economic miracle fuelled by cheap foreign labour, is now working in reverse. The only question is if Singaporeans will wise up to this fact in time for the next election.

Author: Gilbert Tan TS

IT expert with more than 20 years experience in Multiple OS, Security, Data & Internet , Interests include AI and Big Data, Internet and multimedia. An experienced Real Estate agent, Insurance agent, and a Futures trader. I am capable of finding any answers in the world you want as long as there are reports available online for me to do my own research to bring you closest to all the unsolved mysteries in this world, because I can find all the paths to the Truth, and what the Future holds. All I need is to observe, test and probe to research on anything I want, what you need to do will take months to achieve, all I need is a few hours.​

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